ExecuStay is a provider of temporary, furnished, corporate relocation and insurance housing for stays of 30 days or longer, located in 45 regions in the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...
and maintaining over 6,000 temporary homes.
History
ExecuStay was founded in 1987 and was one of the first corporate housing providers to offer its stock for sale to the public in August 1997. ExecuStay Corporation was purchased by
Marriott International
Marriott International, Inc. is an American multinational company that operates, franchises, and licenses lodging including hotel, residential, and timeshare properties. It is headquartered in Bethesda, Maryland. The company was founded by ...
in 1999, and was renamed ExecuStay by Marriott.
In March 2002, the name was changed to Marriott ExecuStay.
Between 1999 and 2002, the annual revenue of ExecuStay increased from $1 million to more than $50 million in less than 3 years. In less than two years, the division’s available apartments increased from 180 to 800 units. The geographic coverage of ExecuStay also expanded into nearby
Connecticut
Connecticut () is the southernmost state in the New England region of the Northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, New York (state), New York to the west, and Long Island Sound to the ...
,
New Jersey
New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delawa ...
,
Westchester, and
Long Island
Long Island is a densely populated island in the southeastern region of the U.S. state of New York, part of the New York metropolitan area. With over 8 million people, Long Island is the most populous island in the United States and the 18 ...
, in a time when the concept of corporate housing was considered a feature of
Manhattan
Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state ...
's real estate market.
In April 2012, Marriott sold ExecuStay to Oakwood Worldwide Corporate housing.
References
Company Name Etymology
Execu is an abbreviation for Executive
External links
ExecuStay Corporate ApartmentsExecustay MidwestTransitions Group
{{Hotel chains
1987 establishments in the United States